Barclays Stockbrokers has cut its yearly Sipp administration charges from £200 to £155.
The annual fees, excluding VAT, have been announced following the new clean share class pricing structure earlier this year.
The reduction in its Sipp administration charge follows Barclays' revision of its Isa fees and trading commissions to simplify pricing structures and reduce the cost of investing.
The £155 fee comprises a £30 Sipp investment account charge payable to Barclays Stockbrokers and a Sipp wrapper fee of £125 plus VAT which is paid on to the AJ Bell group, Barclays Stockbrokers' Sipp administrator.
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It will be charged to both new and existing Sipp investors.
Barclays will continue to waive its Sipp administration fee if a client is fully invested in funds.
Isa clients will pay a standard Isa administration fee of £30 plus VAT per annum and this fee will continue to be waived where clients are full invested in funds.
Alastair Thaw, director at Barclays Stockbrokers, said: "RDR has provided us with an opportunity to revise not only our funds charging structure but also our Sipp and Isa account charges and our online dealing commissions.
"Our aim is to provide our clients with pricing that we believe to be clear, simple, fair and competitive."